It is true that a standing bill been passed
The significance of Total product, Average product, and Marginal product is that they show how effective, and efficient a manufacturing process is.
<h3>How do these metrics show productivity?</h3>
Taking the labor component in production as an example, one can see the impact of these metrics.
The total product will show just how much goods and services in total that the given amount of labor was able to produce. This gives management an idea of the effectiveness of the labor in producing goods and services.
The average product then shows how efficient labor is because it gives an idea of the products produced per labor.
Marginal product is very important as well because it helps management to know when to stop hiring labor. This point will be the production level that sees the marginal product being less than the cost of hiring additional labor.
These three metrics are therefore important to management because they help to determine effectiveness, efficiency, and cost of production.
Find out more on marginal product at brainly.com/question/24698689.
Answer: 5 Households
Explanation:
The y-axis shows the number of households using a certain number of TV sets while the x-axis shows the number of TV sets that households own.
There are only 5 households that own 5 televisions sets. This is the lowest number of households that own the same number of television sets and this makes sense because owning 5 television sets in a single household is not something that is usually seen.
Solution :
Given :
James needs $ 1,000,000 after 15 years.
His IRA deposit is $ 200,000 and is earning at the rate of 8% per annum.
Maturity value of $200,000 after 15 years = 
= $ 634,434.
Balance fund needed after 15 years = 1,000,000 - 634,434
= $ 365,566
Therefore, the future value of the annuity is :
![FV=A[\frac{(1+k)^n-1}{k}]](https://tex.z-dn.net/?f=FV%3DA%5B%5Cfrac%7B%281%2Bk%29%5En-1%7D%7Bk%7D%5D)
Here, FV = future annuity value = 365,566
A = periodical investment
k = interest rate = 8%
n = period = 15 years
∴![365566 = A\frac{[(1.08)^{15}-1]}{0.08}](https://tex.z-dn.net/?f=365566%20%3D%20A%5Cfrac%7B%5B%281.08%29%5E%7B15%7D-1%5D%7D%7B0.08%7D)
A = 13,464
Thus, James needs to save $ 13,464 each year end to reach his target.
Usually, a brand promise is some sort of statement said by an organization to its consumers, or customers, stating what the customers may expect from their product(s) and/or service(s).
Hope this helps!
